Peter Schiff, known for his negative attitude towards Bitcoin, responded to MicroStrategy’s latest BTC move with a negative comment, as expected.
Schiff, who hasn’t changed his attitude towards Bitcoin since day one, again took aim at MicroStrategy. The giant company, which has been buying Bitcoin at certain intervals since August last year, stated that it can sell a billion dollars in shares with a new statement and that they can use it for new purchases of Bitcoin.
Schiff, on the other hand, stated that the company already has enough Bitcoin and called the company’s founder and CEO Michael Saylor “crazy.” According to the famous anti-Bitcoin name, the company’s attempt to buy more Bitcoin each day is meaningless.
You are really crazy. Yes #Bitcoin it will really be as successful as you claim #StrategyMirco it already has more than enough to enrich all its shareholders. Your actions do not match your words. These are acts of desperation to prevent Bitcoin from crashing by buying all it can.
– Peter Schiff (@PeterSchiff) June 14, 2021
Schiff also stated that the purchases in question were desperate actions to prevent Bitcoin from collapsing.
This latest event, which has brought the often controversial duo head-to-head over Bitcoin, is far from a positive move for Schiff investors.